Massachusetts Financial Services Co. MA Sells 331,982 Shares of Wabtec $WAB

Key Points

• Massachusetts Financial Services Co. MA trimmed its Wabtec stake by 16.5%, selling 331,982 shares and retaining 1,682,401 shares worth about $359.1 million (≈0.98% of the company).
• Wabtec beat Q results (EPS $2.10 vs $2.08; revenue $2.97B vs $2.86B), set FY2026 guidance of 10.05–10.45 EPS, raised the quarterly dividend to $0.31, and authorized a $1.2 billion share buyback (~2.9% of shares).
• Analysts remain broadly positive with a consensus rating of "Moderate Buy" and a consensus price target of $275.75, after several target and rating changes by major firms.

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,682,401 shares of the transportation company's stock after selling 331,982 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.98% of Wabtec worth $359,108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WAB. Guggenheim Capital LLC increased its position in Wabtec by 7.4% during the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company's stock worth $1,034,000 after acquiring an additional 342 shares during the period. Bank of Nova Scotia increased its position in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company's stock worth $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC increased its position in Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company's stock worth $1,128,000 after acquiring an additional 3,641 shares during the period. Treasurer of the State of North Carolina increased its position in Wabtec by 11.6% during the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company's stock worth $19,281,000 after acquiring an additional 9,545 shares during the period. Finally, Ieq Capital LLC increased its position in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company's stock worth $6,354,000 after acquiring an additional 4,889 shares during the period. 91.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on WAB. JPMorgan Chase & Co. lowered their price target on shares of Wabtec from $290.00 to $280.00 and set a "neutral" rating on the stock in a research report on Friday. Citigroup raised their target price on shares of Wabtec from $283.00 to $292.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company raised their target price on shares of Wabtec from $224.00 to $270.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. KeyCorp raised their target price on shares of Wabtec from $240.00 to $308.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Finally, Wolfe Research raised shares of Wabtec from a "peer perform" rating to an "outperform" rating and set a $245.00 target price on the stock in a report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $275.75.

Wabtec Price Performance

WAB stock opened at $267.69 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 12 month low of $165.00 and a 12 month high of $275.84. The firm has a market cap of $45.55 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.02 and a beta of 0.99. The company's 50-day moving average price is $251.02 and its two-hundred day moving average price is $224.38.

Wabtec (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm earned $1.68 EPS. The business's quarterly revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $0.31 per share. This is a boost from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec's payout ratio is presently 18.16%.

Wabtec announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity at Wabtec

In related news, insider Nalin Jain sold 7,936 shares of Wabtec stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the sale, the insider directly owned 6,364 shares of the company's stock, valued at approximately $1,680,668.76. The trade was a 55.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $243.10, for a total transaction of $282,725.30. Following the sale, the chief executive officer directly owned 190,744 shares in the company, valued at $46,369,866.40. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,512 shares of company stock worth $8,160,028 in the last ninety days. Insiders own 1.10% of the company's stock.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

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